Performance
Claims Down, Premiums Up for Reinsurers
Low damage claims and rising premiums helped to shield earnings at German reinsurers Munich Re and Hannover Re in the first quarter, as the sector battles to shore up profits amid record low interest ...AIG Restructuring Successful, P/C Subs Now A-Plus: S&P
The restructuring that reshaped American International Group over the past two years has been successful in the opinion of analysts for Standard & Poor's, who boosted the rating for AIG's the ...
Lessons of Reinhart-Rogoff: Lawrence Summers
The economics commentariat and no small part of the political debate in recent weeks has been consumed with the controversy surrounding the work of my Harvard colleagues (and friends) Carmen Reinhart ...
PHLY’s New CEO Looks Ahead To Innovation & Profit
Philadelphia Insurance celebrated its 50 anniversary last year—before Robert O'Leary took the helm as chief executive officer. A video on the company's website commemorating the event ends with ...
Buffett’s Non-Insurance Performance, Succession in Spotlight at ‘Woodstock for Capitalists’
Warren Buffett may be on safari for major acquisitions, which he likes to call elephants, but shareholders may wonder if his Berkshire Hathaway Inc. has become the biggest elephant in the room. ...
Global Re, Excess WC Discipline Lagging: ACE’s Greenberg, WRB’s Rob Berkley
There are now clear signs that the low interest rate environment is forcing underwriting discipline in the casualty market, carrier executives said during earnings calls last week, but one glaring ...
Validus’ Noonan Slams Berkshire Sidecar, Says Cat Model Won’t Jolt US Re Prices
London market participants are competitive but disciplined, Validus Holdings' CEO said on Friday. But one pocket of "excessive competition" is coming from Berkshire Hathaway's Lloyd's sidecar—a ...